Financial Report 2023

FINANCIAL REPORT 2023

Financial Report 2023

3

Comment on the Financial Report 2023

4

Balance Sheet

5

Income Statement

5

Statement of Changes in Equity

6

Cash Flow Statement

7

Notes

28

Report of the Auditors

2

Swiss Tropical and Public Health Institute

Financial Report 2023

Comment on the Financial Report 2023 From Mathias Kronig, Head of Administration and Deniz Goer, Head of Finance Income Statement In 2023, Swiss TPH presents an ordinary result of CHF – 799,770, compared to CHF – 125,647 the year before. The operating result from activities amounts to CHF – 917,148, which represents an increase in loss of CHF – 570,864 compared to 2022 (CHF – 346,284). This result was mainly due to high operating expenses of the new headquarters «Belo Horizonte» and increasing personnel and material expenses adjusted for inflation.

The financial result decreased to CHF +117,378 (compared to CHF +220,636 in 2022); hence, still positive despite the strong Swiss Franc throughout the reporting year. Active investment on fixed deposits generated remarkable interest income. The cash in foreign currency has been exchanged into Swiss Franc during favourable market situations. This is one of the active risk mitigation measures in order to reduce currency exposure.

In 2023, Swiss TPH reports no extraordinary result. It is noteworthy that Swiss TPH considered an early adoption to the Swiss GAAP FER 28 that came into force on 1 January 2024. The recognition of long-term deferred income for «Belo Horizonte» has been reclassified from other operating incomes to netting positions within operating expenses. The Income Statement has been updated accordingly including a restatement for 2022 to ensure comparability of the figures.

The operating income of Swiss TPH increased (+2.7%) from CHF 102.7 million in 2022 to CHF 105.5 million in 2023. This revenue growth has been achieved despite various challenges, including the strong Swiss currency.

The core funding increased slightly from CHF 22.7 million in 2022 to CHF 23.0 million in 2023 (+1.2%). The project restricted funds from the State Secretariat for Education, Research and Innovation (SERI) decreased to CHF 1.4 million in 2023 from CHF 2.0 million in 2022. In 2023, Swiss TPH increased its share of competitively acquired third-party funding.

Self-managed income from research, education and services increased to CHF 80.0 million representing a growth of CHF 1.5 million or 2.0% compared to 2022 (CHF 78.5 million).

Personnel expenses increased by 5.7% or CHF 3.3 million from CHF 57.8 million in 2022 to CHF 61.1 million in 2023.

This was mainly driven by higher salary costs (+CHF 2.0 million) and social insurance costs (+CHF 0.4 million) due to inflation-related salary adjustments and with 13 additional employees on the payroll. A increase in short-term consultancy fees due to additional IT-projects and infrastructure activities (+CHF 0.8 million) was registered. Material expenses showed a strong rise of CHF 0.9 million (+23.8%) and amounted to CHF 4.9 million in 2023.

Other operating expenses decreased by 2.4% or (CHF 0.9 million) from CHF 34.5 million in 2022 to CHF 33.6 million in 2023. This was mainly due to lower local project expenditures (CHF 0.7 million). The majority of local project expenditures, totalling CHF 26.7 million in 2023 versus CHF 27.4 million in 2022, were spent in Africa (CHF 17.1 million,

an increase of CHF 0.9 million). The local expenditures in the region of Europe decreased by CHF 1.6 million to CHF 8.8 million. Through energy-saving measures the rising energy prices could be absorbed and increased only slightly (CHF 0.2 million). With the elimination of the single event of the moving costs in 2022 and other saving initiatives, the costs in maintenance and repair of equipment could be decreased.

The depreciation costs remained the same with CHF 3.3 million. The depreciation costs were offset by CHF 2.1 million through the recognition from long-term deferred income.

In the Income Statement of 2022, the recognition from the deferred income was disclosed within other operating income and has been restated to operating expenses in 2023 following the early adoption of Swiss GAAP FER 28.

Balance Sheet Total assets decreased by 11.4% (CHF 8.1 million) to CHF 62.8 million compared to 2022. Current assets decreased by 12.6% or CHF 6.9 million to CHF 47.3 million in 2023 from CHF 54.2 million in 2022. Cash and cash equivalents decreased by CHF 7.4 million or 24.3% from CHF 30.8 million in 2022 to CHF 23.4 million in 2023. The main reason was the reduction in incoming cash from grants in 2023 due to already high deferred income in 2022.

Other short-term receivables decreased by CHF 1.5 million or 17.6% to CHF 7.1 million in 2023 compared to 2022 due to the decreased number of advances for projects to be implemented locally or for subcontractors within project assignments. Swiss TPH also noted an increase in prepayments and accrued income from 2022 to 2023. The rise amounted to CHF 1.1 million or 15.4% and is due to increases in unbilled services for projects.

Non-current assets decreased by CHF 1.8 million to CHF 14.9 million in 2023 compared to 2022. The categories “Building” and “Equipment” decreased by CHF 1.3 million.

The assets under construction amounted to CHF 0.7 million and consist of installation costs, furniture and other fixtures and fittings in the new headquarters for the Centre for Tropical and Travel Medicine at «Turmhaus» in Basel. The move happened at the end of 2023.

Current liabilities declined sharply to CHF 43.1 million in 2023 compared to CHF 49.7 million in 2022 as a result of reduced deferred income on projects. Payables from goods and services increased from CHF 3.1 million in 2022 to CHF 4.0 million in 2023. Other payables decreased from CHF 2.0 million in 2022 to CHF 1.7 million in 2023.

Accrued liabilities and deferred income decreased from CHF 42.2 million in 2022 to CHF 35.0 million in 2023. Non-current liabilities decreased from CHF 12.8 million in 2022 to CHF 12.1 million in 2023.

As a result of the 2023 loss of CHF 799,770, equity decreased from CHF 8,418,815 (31 December 2022) to CHF 7,619,045 (31 December 2023).

Swiss Tropical and Public Health Institute

3

Financial Report 2023

Balance Sheet

Notes

31.12.2023 CHF

31.12.2022 CHF

4.1

23,352,198

30,838,809

514,030

1,301,292

8,323,297

5,884,155

173,082

179,883 8,656,165

Assets Cash and cash equivalents Projects abroad Receivables from services

4.2

R. Geigy-Foundation Other short-term receivables

4.3

7,131,798

Provision for bad debts

4.4

– 184,100

– 73,800

Prepayments and accrued income

4.5

8,437,299

7,311,831

Inventories

4.6

125,806

66,263

47,873,409

54,164,596

Current assets Building

4.7

1,164,023

1,383,805

Equipment

4.7

10,655,315

11,739,809

Assets under construction

4.8

697,071

0

Long-term financial assets

4.9

62,536

62,536

Intangible assets

4.7

2,362,469

3,570,552

Non-current assets

14,941,414

16,756,702

Total assets

62,814,824

70,921,299

Payables from goods and services

4,019,420

3,063,351

Other payables

1,696,852

1,982,476

Liabilities and equity

Projects with own accounts Key deposit

0

1,058

35,175

42,710

Accrued liabilities and deferred income

4.11

35,005,593

42,232,970

Short-term provisions

4.12

2,316,298

2,359,774

Mortgages

4.10

0

0

43,073,337

49,682,338 1,284,381

Current liabilities Other long-term liabilities

4.13

1,408,378

Long-term provisions

4.14

2,695,364

2,423,273

Long-term deferred income

4.14

1,871,598

1,064,698*

Long-term deferred income FER 28

4.14

6,147,101

8,047,793*

Non-current liabilities

12,122,441

12,820,146

Total liabilities

55,195,779

62,502,484

8,418,815

8,544,462

Equity on January 1st Result of the year

– 799,770

– 125,647

Total equity at the end of the year

7,619,045

8,418,815

Total liabilities and equity

62,814,824

70,921,299

*restatement according to early adoption FER 28

4

Swiss Tropical and Public Health Institute

Financial Report 2023

Income Statement Notes

2023 CHF

2022 CHF

Self-managed income from research, education and services

4.15

80,022,443

78,486,756

Core funding national and local government

4.16

22,988,800

22,708,900

Other operating income

4.17

1,240,551

1,375,607*

Change in unbilled services

4.18

1,230,808

130,108

105,482,603

102,701,371

Total operating income Personnel expenses

4.19

– 61,088,792

– 57,783,263

Material expenses

4.20

– 4,892,438

– 3,951,564

Depreciation of tangible assets

4.7

– 2,042,401

– 2,050,268

Amortization on intangible assets

4.7

– 1,268,083

– 1,276,597

Recognition of long-term deferred income

4.14

152,100

152,100*

Recognition of long-term deferred income FER 28

4.14

1,900,692

1,952,207*

Administrative expenses

4.21

– 5,527,303

– 5,637,321

Other operating expenses

4.22

– 33,633,527

– 34,452,948

– 106,399,751

– 103,047,655

– 917,148

– 346,284

Total operating expenses Operating result Financial result

4.23

Ordinary result Extraordinary result

4.24

Result of the year

117,378

220,636

– 799,770

– 125,647

0

0

– 799,770

– 125,647

2023 CHF

2022 CHF 8,544,462

*restatement according to early adoption FER 28

Statement of Changes in Equity Notes

Equity as of 1 January

8,418,815

Result of the year

– 799,770

– 125,647

Equity as of 31 December

7,619,045

8,418,815

The Swiss Tropical and Public Health Institute (Swiss TPH) announces a loss of CHF -799,770 for the year 2023, versus a loss of CHF -125,647 in the preceding year. Hence, the equity decreased to CHF 7,619,045 as of 31 December 2023 compared to CHF 8,418,815 in 2022. Nonetheless, the

equity ratio slightly increased to 12.2% in 2023 compared to 11.9% in 2022 due to continuous reduction of the balance sheet total as of 31 December 2023.

Swiss Tropical and Public Health Institute

5

Financial Report 2023

Statement of Cash Flows for the Year Ended 31 December Notes

31.12.2023 CHF

31.12.2022 CHF

– 799,770

– 125,647

2,950,985

2,855,119

2,042,401

2,050,268

Cash flows from operating activities Result of the year Adjustments for non-cash income and expenses Depreciation of tangible assets

4.7

Depreciation of project investments

4.7

434,700

228,613

Amortization of intangible assets

4.7

1,268,083

1,276,597

Gain on asset disposals

4.24

Losses for bad debts

0

0

70,978

40,378

Decrease (–) / Increase (+) in long-term provisions

4.14

272,091

337,959

Decrease (–) / Increase (+) in long-term deferred income

4.14

– 1,093,792

– 887,508

Decrease (–) / Increase (+) in short-term provisions

4.12

– 43,476

– 191,188

– 7,707,930

– 4,340,365

– 81,391

9,558,707 3,687,757

Changes in operating assets and liabilities Increase (–) / Decrease (+) in receivables Increase (–) / Decrease (+) in prepayments and accrued income

4.5

– 1,125,468

Increase (–) / Decrease (+) in inventories

4.6

– 59,543

– 38,919

661,852

– 11,092,709

– 7,227,377

– 6,454,201

Decrease (–) / Increase (+) in payables Decrease (–) / Increase (+) in accrued liabilities and deferred income Decrease (–) / Increase (+) in long-term liabilities and long-term deferred income

4.12

123,997

– 999

– 5,556,715

– 1,610,893

4.7

– 1,990,159

– 3,747,702

Inflows from disposals of tangible assets

4.7

120,264

0

Inflows from subsidies for fire protection measure

4.7

0

0

Outflows for purchase of intangible assets

4.7

– 60,000

0

Inflows from disposals of intangible assets

4.7

0

0

Cash inflow from operating activities Cash flows from investing activities Outflows for purchase of tangible assets

Out-/inflows for investment in financial assets

4.8

0

0

Gain on asset disposals

4.24

0

0

– 1,929,895

– 3,747,702

0

Cash drain from investing activities Cash flows from financing activities Repayment mortgage Basler Kantonalbank

4.1

0

Cash advance from subsidies

4.16

0

0

0

0 – 5,358,595

Cash inflow from financing activities Net de-/increase in cash and cash equivalents

– 7,486,610

- thereof blocked by projects

– 1,765,983

1,059,137

- thereof fully disposable

– 5,720,628

– 6,417,730

Cash and cash equivalents at beginning of year

30,838,809

36,197,403 30,838,809

Cash and cash equivalents at end of year

23,352,198

- thereof blocked by projects

2,605,362

4,371,345

- thereof fully disposable

20,746,835

26,467,464

6

Swiss Tropical and Public Health Institute

Financial Report 2023 Committee Notes The Committee monitors the financial and acprocesses and systems of Swiss TPH, 1. General Information counting evaluates the independence and effectiveness Swiss TPH is a public organisation based in Allschwil with its own legal status under the laws of Switzerland („öffentlich-rechtliche Anstalt“).

By uniquely combining research, education and services, Swiss TPH aims to improve the health and well-being of populations through a better understanding of diseases and health systems and by acting on this knowledge. A translational approach from innovation and validation to application enables the institute to bring novel diagnostics, drugs and vaccines directly to people and communities. On 1 January 2017, the treaty between the Canton Basel-Stadt and the Canton Basel-Landschaft concerning the common ownership of the Swiss TPH came into force.

2. Organisation and Governance Board of Governors The Board of Governors is called the “Kuratorium”. Four members each are appointed by the Governments of the Canton of Basel-Stadt and Canton of Basel-Landschaft, whereas the President is appointed by both Governments. As of 31 December 2023, the composition of the Kuratorium was as follows: Dr. Eva Herzog President Dr. Rolf Borner

of the external auditors and ensures the flow of communication between the Directorate, the Administration, Auditor and the Board of Governors. The Committee makes appropriate recommendations to the Board of Governors.

The actual members are: Dr. Eva Herzog President Dr. Rolf Borner Dr. Ariane Bürgin Dr. Alban Frei Auditor PricewaterhouseCoopers AG, Basel has been assigned by the Governments of the Cantons Basel-Stadt and Basel-Landschaft as the auditor of Swiss TPH.

3. Basis of Preparation and Accounting Policies Accounting Standard These financial statements have been prepared in accordance with Swiss GAAP FER, issued by the foundation for accounting and reporting recommendation, Switzerland.

Dr. Ariane Bürgin

Currency

Prof. Dr. François Chappuis

Swiss TPH’s presentation currency is CHF (Swiss francs).

Prof. Dr. Sabina De Geest Dr. Alban Frei Dr. Lutz Hegemann Dr. Olivier Küttel Dr. Cornelia Staehelin Dr. Luca Tratschin (Observer State Secretariat for Education, Research and Innovation SERI)

Foreign Currency Transactions Assets and liabilities in foreign currency are translated into CHF at the exchange rate provided by the federal tax administration at the balance sheet date. Foreign currency transactions are recorded on initial recognition in the functional currency at the transaction rate. Exchange rate differences are recognised in the income statement.

Swiss Tropical and Public Health Institute

7

Financial Report 2023 Revenue Recognition Revenues from rendering medical services and fees from education and training are recognised in the period of providing those services. Revenues from projects are recognised to the extent of the recoverable expenses of the reporting period. Project results are neutralised during the project period, an eventual profit is realised at the end of the project. Funds from national and local government are recognised in the period for which they were funded.

The capitalisation of maintenance costs depends on whether they are value-preserving or value-adding, respectively, extending the useful life of the respective fixed asset. Whenever there is an indication that there has been a significant change in depreciation rate, useful life or residual value of an asset, the deprecation of that asset is revised prospectively to reflect the new expectations.

Long-Term Financial Assets

All borrowing costs are recognised in the income statement in the period in which they are incurred.

Employer contribution reserves or similar items are recognised as assets under long-term financial assets. The difference to the respective value of the prior year is recognised as personnel expenses in the result of the period.

Property, Plant and Equipment

Intangible Assets

Core tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Intangible assets are purchased computer software that is measured at cost less accumulated amortization and any accumulated impairment losses. Software is amortized over its estimated useful life of 4 years using the straight-line method.

Borrowing Costs

Depreciation is calculated over the estimated lifetime of an asset, using the straight-line method.

The following annual rates are used for depreciation of property, plant and equipment.

Asset category

Annual depreciation rate

Useful life in years

Land

0.0%

0

Buildings Allschwil / Basel

3.0%

33.3

Building installations Allschwil / Basel

5.0%

20.0

Furniture

10.0%

10.0

Laboratory equipment

12.5%

8.0

Medical equipment

20.0%

5.0

Offices machines, communication systems

20.0%

5.0

Vehicles

20.0%

5.0

Tools, utensils

10.0%

10.0

Software / hardware

25.0%

4.0

10.0%

10.0

Collections, books, movies Assets in leasing

depending on contracts

Fixed assets at costs less than CHF 5,000 are not capitalised.

Fixed assets purchased with project funds for the purpose of project operations are not capitalised as the ownership of these assets remains with the donor.

8

Swiss Tropical and Public Health Institute

Inventories Inventories are valued at the lower of acquisition cost and fair value less cost to sell. Acquisition cost is calculated based on the weighted average purchase price.

Impairment of Assets At each reporting date, fixed and intangible assets are reviewed to determine whether they have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount. An impairment loss is recognised immediately in the income statement.

Similarly, at each reporting date, inventories are assessed for impairment by comparing the carrying account of each inventory item with its selling price less costs to complete and sell. If an item of inventory is impaired, an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been

Financial Report 2023

determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the income statement.

Receivables An impairment of receivables is recognised if the carrying amount of the assets is less than the present value of the expected future cash flow.

The provision for bad debts is calculated by categorising the debts as follows:

Due amount

Days past due

Provision

<CHF 30,000

>0

2%

>CHF 30,000

1 – 90

2%

>CHF 30,000

91 – 180

15%

>CHF 30,000

181 – 270

30%

>CHF 30,000

271 – 360

50%

>CHF 30,000

>360

100%

Payables Payables are recorded at their fair value, represented by the amount to pay.

Provisions Provisions are determined based on impartial and economically reasonable principals. Risks are taken into account adequately.

Government Grants A government grant is compensation provided by a public institution for services provided or expenses incurred in the course of an entity’s operating activities. Through this, the entity receives a specific economic benefit. Government grants can be related to assets or related to income.

Government grants are recognised when there is reasonable assurance that the entity complies with any conditions attached to the grant and the value can be estimated reliably.

Government grants related to assets are allocated to deferred income. The deferred income is recognised in the income statement over the useful life of the asset as a reduction of the depreciation expenses.

Government grants related to income are recognised in the income statement according to plan over the periods in which the entity recognises the related expenses. They are presented in the income statement under the heading “Core funding national and local government”. If, contrary to the original assumption, a government grant becomes repayable, this fact is accounted for as a change in accounting estimate.

Swiss Tropical and Public Health Institute

9

Financial Report 2023

4. Notes on the Financial Statement 4.1 Cash and Cash Equivalents

2023 CHF

2022 CHF

Cash in hand

35,788

53,632

Post accounts

352,615

1,124,256

Bank accounts

20,358,432

25,289,575

Cash and cash equivalents projects abroad

2,605,362

4,371,345

Bank accounts in Basel and Baselland

1,372,601

2,454,888

8,235

14,859

Cash in hand Bank accounts abroad TOTAL

The cash and cash equivalents decreased sharply by CHF 7.4 million or 24.3% from CHF 30.8 million in 2022 to CHF 23.4 million in 2023. The reason was the reduced cash inflow from operating activities CHF 5.5 million in 2023 mainly

4.2 Receivables from Services

2023 CHF

1,224,526

1,901,598

23,352,198

30,838,809

from grants due to already high deferred income in 2022.

In addition, the cash drain for purchases of assets amounted to CHF 1.9 million.

Foreign currency

Exchange rate

2022 CHF

Foreign currency

Exchange rate

Open positions in CHF

4,737,864

Open positions in USD

2,101,427

2,496,872

0.8416

2,204,845

2,383,029

0.9252

Open positions in EUR

884,998

951,918

0.9297

378,321

383,129

0.9875

Open positions in GBP

150,455

140,235

1.0729

0

0

0

Receivables from medical and diagnostic services

448,554

362,513

Medical services

72,384

83,447

Diagnostics TOTAL

2,938,475

376,169

279,066

8,323,297

5,884,155

The open positions of receivables from services as per 31.12.2023 increased remarkably due to active invoicing activities towards the end of 2023.

10

Swiss Tropical and Public Health Institute

Financial Report 2023

4.3 Other Short-Term Receivables

2023 CHF

Staff advances Advances for project activities

2022 CHF

64,016

66,629

6,855,655

8,540,525

Withholding tax

93,184

0

Basel based rent deposits

115,664

49,012

0

0

Fixed deposits Other receivables TOTAL

Number of advances for projects to be implemented locally or for subcontractors within pro-

4.4 Provision for Bad Debts

3,279

0

7,131,798

8,656,165

ject assignments decreased due to higher project expenses reporting in 2023.

Provision in %

Amount CHF

2023 Provision CHF

Provision in %

Amount CHF

2022 Provision CHF

1 – 90 days

2%

3,225,265

90 – 180 days

15%

398,809

64,505

2%

1,624,882

32,498

59,821

15%

0

0

Amounts due >CHF 30,000

180 – 270 days

30%

108,300

32,490

30%

28,635

8,590

270 – 360 days

50%

0

0

50%

0

0

>360 days

100%

0

0

100%

0

0

2%

1,364,940

27,299

2%

1,633,646

32,673

Amounts due <CHF 30,000 >0 days TOTAL

184,115

73,761

Provision for bad debts (rounded)

184,100

73,800

Payments up to 7 February 2024 are included in the calculation.

4.5 Prepayments and Accrued Income

2023 CHF

2022 CHF

Advance payments projects

6,954,014

5,723,205

Prepayments pension funds

759,934

953,344

Overhead contribution for SNSF projects

516,444

416,483

Accounts paid in advance

206,907

218,799

8,437,299

7,311,831

TOTAL

Swiss TPH recorded an increase in prepayments and accrued income from 2022 to 2023. The rise amounted to CHF 1.1 million or 15.4% and is

mainly due to increase in unbilled services for project activities.

4.6 Inventories

2023 CHF

2022 CHF

Vaccines

125,806

66,263

TOTAL

125,806

66,263

The increase in stocks for vaccines is due to preventive purchase.

Swiss Tropical and Public Health Institute

11

Financial Report 2023

4.7 Tangible and Intangible Assets

Land and buildings without CIP

Assets under construction (Land and Buildings)

Land and buildings

Laboratory equipment

Other equipment

Assets under construction (Equipment)

Equipment

0

0

0

1,037,077

171,050

14,921,376

16,129,503

1 January 2022

2,382,534

0

2,382,534

5,050,405

2,713,703

14,921,376

22,685,485

Additions

1,216,798

0

1,216,798

440,667

0

1,861,623

2,302,291

437,466

5,997,951

5,872,874 – 16,782,999

– 4,912,174

Tangible assets Net carrying amount 1 January 2022 Cost

Reclassifications

437,466

0

Disposals

– 2,382,534

0

– 2,382,534 – 151,501.20

– 104,492

0

– 255,993

31 December 2022

1,654,264

0

1,654,264

11,337,522

8,482,085

0

19,819,608

2,382,534

0

2,382,534

4,013,329

2,542,653

0

6,555,982

270,459

0

270,459

1,003,670

776,139

0

1,779,809

0

0

0

0

0

0

0

Accumulated depreciation 1 January 2022 Annual depreciation* Impairment Reclassification

0

0

0

0

0

0

0

– 2,382,534

0

– 2,382,534

– 151,501

– 104,492

0

– 255,993

270,459

0

270,459

4,865,498

3,214,300

0

8,079,798

1,383,805

0

1,383,805

6,472,025

5,267,785

0

11,739,810

1,383,805

0

1,383,804

6,472,025

5,267,785

0

11,739,810

1,654,264

0

1,654,264

11,337,522

8,482,085

0

19,819,608

Additions

0

697,071

697,071

662,382

91,461

0

753,843

Reclassifications

0

0

0

0

0

0

0

– 913

0

– 913

– 2,026,826

– 2,046,679

0

– 4,073,504

1,653,351

697,071

2,350,422

9,973,079

6,526,868

0

16,499,947

Disposals 31 December 2022 Net carrying amount 31 December 2022 Net carrying amount 1 January 2023 Cost 1 January 2023

Disposals 31 December 2023 Accumulated depreciation 1 January 2023

270,459

0

270,459

4,865,498

3,214,300

0

8,079,798

Annual depreciation*

219,783

0

219,783

1,050,426

772,192

0

1,822,618

Impairment

0

0

0

0

0

0

0

Reclassification

0

0

0

0

0

0

0

– 913

0

– 913

– 2,011,107

– 2,046,679

0

– 4,057,785

489,329

0

489,329

3,904,817

1,939,813

0

5,844,631

1,164,022

697,071

1,861,094

6,068,262

4,587,054

0

10,655,316

Disposals 31 December 2023 Net carrying amount 31 December 2023

The assets under construction amounting to CHF 0.7 million consist of installation costs, furniture and other fixtures and fittings in the new Centre for Tropical and Travel Medicine at «Turmhaus» in Basel. The move was completed in early January 2024.

12

Swiss Tropical and Public Health Institute

The annual depreciation costs of CHF 3.7 million in 2023 compared to 2022 (CHF 3.6 million) increased slightly. CHF 2.1 million of the annual depreciation costs (CHF 3.7 million) are offset by the recognition of long-term deferred income, similar as in 2022.

Financial Report 2023

Total without Projects

Projects

Total tangible assets

Software

Software work in progress

Total intangible assets

Total fixed assets register

372,441

0

2,160,023

0

2,160,023

31,595,201

0

0

0

3,747,702

4,474,709

0

4,474,709

0

– 8,670

0

– 8,670

– 3,207,435

6,626,062

0

Intangible assets Net carrying amount 16,129,503

0

16,129,503

25,068,018

4,367,160

29,435,179

3,519,089

228,613

3,747,702

1 January 2022

372,441 16,501,944

Cost 1 January 2022 Additions

– 4,474,709

0

– 4,474,709

Reclassifications

– 2,638,528

– 560,238

– 3,198,765

Disposals

21,473,870

4,035,536

25,509,408

31 December 2022

8,938,516

4,367,159

13,305,675

1 January 2022

1,787,582

0

1,787,582 15,093,258

2,050,268

228,613

2,278,881

Annual amortization*

1,276,597

0

1,276,597

3,555,479

0

0

0

Impairment

0

0

0

0

Reclassification

6,626,062 32,135,470

Accumulated amortization

0

0

0

– 2,638,527

– 560,238

– 3,198,765

Disposals

8,350,257

4,035,535

12,385,792

31 December 2022

13,123,614

0

13,123,616

0

0

0

0

– 8,670

0

– 8,670

– 3,207,435

3,055,510

0

3,055,510 15,441,302

3,570,552

0

3,570,553 16,694,168

3,570,552

0

3,570,553 16,694,167

6,626,062

0

6,626,061 32,135,469

60,000

0

60,000

2,050,159

0

0

0

0

Net carrying amount 31 December 2022 Net carrying amount 13,123,614

0

13,123,614

21,473,870

4,035,536

25,509,408

1 January 2023

1,450,914

539,245

1,990,159

Additions

0

0

0

– 4,074,417

– 949,647

– 5,024,064

Disposals

– 267,323

0

– 267,323 – 5,291,386

18,850,367

3,625,134

22,475,503

31 December 2023

6,418,739

0

6,418,740 28,894,243

8,350,257

4,035,535

12,385,792

1 January 2023

3,055,510

0

3,055,510 15,441,302

2,042,401

434,700

2,477,101

Annual amortization*

1,268,083

0

1,268,083

3,745,183

0

0

0

0

1 January 2023 Cost

Reclassifications

Accumulated amortization

0

0

0

Impairment Reclassification

0

0

0

0

0

0

0

– 4,058,698

– 845,102

– 4,903,800

Disposals

– 267,323

0

– 267,323

– 5,171,122

6,333,959

3,625,134

9,959,093

31 December 2023

4,056,270

0

4,056,270 14,015,363

12,516,408

0

12,516,410

2,362,469

0

2,362,470 14,878,880

Net carrying amount 31 December 2023

(*) Please note that certain investments in tangible and intangible assets were financed through government grants.

In accordance with Swiss GAAP FER 28, those investments were capitalized on a gross basis and the government grants recognized as long-term deferred income.

The underlying tangible assets are depreciated over the useful life and the long-term deferred income is recognized over the same period as a reduction of depreciation expense.

The underlying intangible assets are amortized over the useful life and the long-term deferred income is recognized over the same period as a reduction of amortization expense.

The same accounting treatment is applied for investments financed through grants from the R. Geigy-Foundation.

Swiss Tropical and Public Health Institute

13

Financial Report 2023

Fire Insurance Value

2023 CHF

2022 CHF

21,200,000

21,200,000

Equipment Police 3.233.381 - AXA Winterthur Insurance (from 01.04.2022)

Investments >CHF 5,000 with Project Funds (not capitalised) The ownership of investments paid with project funds generally remains with the donor. Hence,

these investments are not capitalised but recorded in the fixed assets register and disclosed below.

2023 Additions No

Project

Item

Date of purchase

870.0 867.0

Value in CHF

1130 - IHI Institutional Support to Ifakara

Distribution Transfomer 500kVA

01.07.23

13,856

1162 - RGS IDSP 01.23 – 12.25

MiSeq System SCIEX

01.05.23

101,853

873.0

3614 - SDC TEMT 05.20 – 04.25

Landcruiser Hard Top 5 Door 10 Seater

01.08.23

47,022

875.0

3704 - SBFI EU GOLIAT 06.22 – 05.27

SQTRAI-M4 1900.1330.02

01.07.23

5,544

868.0

4440 - NVCI Management CC Sarah Moore

DC IV Measurement System

01.06.23

10,271

871.0

5518 - Charité EKFS CARECHAIN 05.23 – 04.28

6 Kosmos ultraportable ultrasound

01.06.23

54,927

877.0

5518 - Charité EKFS CARECHAIN 05.23 – 04.28

Vomark Mindray M7 Adv. Ultrasound System SW5 MFG 2013

01.08.23

14,632

890.0

5518 - Charité EKFS CARECHAIN 05.23 – 04.28

Vomark Mindray MX7 Adv. Ultrasound System

01.12.23

23,809

872.0

5805 - Genotyping 09.18 – 12.31

Biometra TOne 96G

01.07.23

7,561

879.0

5920 - Novartis KALUMA 10.22 – 06.27

Trinity Cobas c 111 Analyzer

01.10.23

56,544

880.0

5920 - Novartis KALUMA 10.22 – 06.27

Trinity AVL 9180 Electrolyte Analyzer

01.10.23

19,770

881.0

5920 - Novartis KALUMA 10.22 – 06.27

Trinity Sysmex XN-350 Hematology Analyzer

01.10.23

56,542

887.0

5922 - Novartis KALUMI S.Schneitter 05.23 – 10.25

Trinity cobas c111 w/o ISE

01.12.23

19,386

888.0

5922 - Novartis KALUMI S.Schneitter 05.23 – 10.25

Trinity XN-350

01.12.23

19,385

5922 - Novartis KALUMI S.Schneitter 05.23 – 10.25

Trinity Electrolyte Analyzer AVL

01.12.23

6,778

889.0 882.0

7435 - BMGF Schisto Mouse 11.22 – 06.25

Agilent HPLC 1260 Infinity II System

01.10.23

67,466

853.0

7826 - MCDI EGMVI 01.15 - 12.23

diaxxoPCR-multiplexing Rapid qPCR

01.01.23

13,900

Total Additions

539,245

2023 Disposals No

Project

Item

Date of purchase

Value in CHF

867.0

1162 - RGS IDSP 01.23 – 12.25

MiSeq System SCIEX

01.05.23

101,853 5,989

297.0

3600 - HI MI Management C. Lengeler

Toyota Rav 4 Grise

01.06.12

620.0

3660 - BASF TZ 06.20 – 02.24

Basic generator P88- CALG Basic

01.08.21

9,532

190.0

3700 - EEH-PHH Management M. Röösli

Seer Light Recorder and Controller (2)

01.02.10

13,423

363.0

3700 - EEH-PHH Management M. Röösli

Kalibrierte ExpoM Geräte (2)

01.05.14

12,195

377.0

3700 - EEH-PHH Management M. Röösli

ExpoM's Kalibrierte Geräte (6)

01.09.14

36,364

385.0

3700 - EEH-PHH Management M. Röösli

Kalibriertes ExpoM-RF Gerät

01.11.14

6,041

875.0

3704 - SBFI EU GOLIAT 06.22 – 05.27

SQTRAI-M4 1900.1330.02

01.07.23

5,544

297.1

5500 - MED Department Management CC

Toyota Rav 4 Grise

01.06.12

5,989

544.0

6411 - SNF/UniBs Eccellen 1.19 – 12.23

Miniamp Thermal Cycler

01.09.19

14,400

610.0

6424 - Botnar MistraL 06.20 – 12.22

X-Ray truck with Easy DR

01.03.21

59,502

611.0

6424 - Botnar MistraL 06.20 – 12.22

X-Ray truck with Easy DR

01.03.21

59,502

409.0

6440 - CRU - IHC - MGT CC Labhardt

Ult freezer upright 490 Ltr

01.12.15

15,188

14

Swiss Tropical and Public Health Institute

Financial Report 2023

882.0

7435 - BMGF Schisto Mouse 11.22 – 06.25

Agilent HPLC 1260 Infinity II System

01.10.23

2,693

267.0

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Vehicles (4) taken from CBIH

01.07.11

28,000

272.0

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Dodoma 3820 / 1xToyota Land Cruiser JPY 5'496'310.-

01.10.11

66,502

289.1

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.05.12

34,626

289.2

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.09.12

20,285

289.3

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.09.12

13,523

289.4

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.09.12

8,589

289.5

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.08.12

11,892

289.6

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.02.13

59,678

289.7

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.08.13

9,079

289.8

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.09.13

833

289.9

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Exact Software, Insurance Management Information System 4312

01.06.14

28,777

412.0

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Nissan Patrol S/wagon 7seat 4x4 GL (4)

01.12.15

200,478

412.1

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Nissan Patrol S/wagon 7seat 4x4 GL (4) Tax Refund

01.10.17

– 17,030

414.0

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Land Cruiser 76 Hardtop 10 seater 5 door (5)

01.01.16

148,846

414.1

8324 - SDC HPSS Dodoma PH3 11.19 – 10.23

Land Cruiser 76 Hardtop 10 seater 5 door (5) Tax Refund

01.10.17

– 12,644

Total Disposals

949,647

Total 2023

– 410,401

2022 Additions No

Project

Item

Purchase of date

Value in CHF

627.0

3486 - SDC JOHI Ph2 04.21 – 03.26

629.0

1130 - IHI Institutional Support to Ifakara

Land Cruise 76 Hardtop 10 seater 5 door

01.01.22

35,043

P250 – 5 CALG Basic generator FG Wilson

01.02.22

42,407

630.0

6424 - Botnar MistraL 06.20 – 12.22

Delft Ultra X-ray system

01.02.22

57,780

638.0

5514 - SBFI NIIDS 2 01.21 – 12.22

A28574 QS5 0.2ML QPCR System Tower

01.05.22

56,972

699.0

5516 - EKFS IMC 04.22 – 03.25

Mindray M7 Adv. Ultrasound System 121001024-05

01.06.22

12,833

847.0

3191 - SNF Spatio-temporal modelling 10.20 – 09.23

2 Precision 7920 Rack XCTO Base

01.11.22

23,578

Total Additions

228,613

Swiss Tropical and Public Health Institute

15

Financial Report 2023

2022 Disposals No

Project

Item

Date of purchase

Value in CHF

191.0

3300 - EHS- HIA Management M. Winkler

Toyota Hilux 1 Projet Ales

01.06.10

23,242

192.0

3300 - EHS- HIA Management M. Winkler

Toyota Hilux 2 Projet Ales

01.06.10

23,242

223.0

3300 - EHS- HIA Management M. Winkler

Mikroskop CX21LEDFS1

01.10.10

1,674

224.0

3300 - EHS- HIA Management M. Winkler

Mikroskop CX21LEDFS1 (2)

01.10.10

3,348 36,000

256.0

4000 - GEND Management N. Probst

Nanopartikel Messgeräte (MiniDSiSC) (8)

01.03.11

287.0

4014 - SNF/UniBS Sapaldia 5 04.18 – 12.22

Sysmex U725-G Innova Green Line

01.04.12

15,097

371.0

3000 - Management EPH

Nanoscan 3910 Combo Unit 3914

01.07.14

36,568

380.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell Precision Tower 7910 CTO Base

01.10.14

8,015

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,750

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,750

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,750

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,750

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,750

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,800

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

10,184

404.0

3180 - BMA Manag.StatisticalModelling P.Vounatsou

Dell PrecisonTower 7910 (80FPQ52)

01.08.15

9,750

416.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

Toyota Land Cruiser 76 Hardtop 10 seater

01.03.16

37,153

417.0

3400 - HAHU-OH Management J. Zinsstag

Toyota Hilux Double Cabin 6 Seater LHD

01.03.16

25,184

418.0

3400 - HAHU-OH Management J. Zinsstag

Toyota Hilux Double Cabin 6 Seater LHD

01.03.16

26,690

432.0

7500 - PCU - PC - Management CC P. Mäser

Mückenschleuse UG

01.05.16

9,137

493.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

Leica DM1000 LED + Zubehör

01.01.18

12,135

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

QS5 0.2ML QPCR System Tower

01.07.18

42,723

509.0

3485 - CDC Brucellosis 07.17 – 07.22

Microplate Multiskan FC

01.07.18

7,791

515.0

3411 - SDC JOHI, Ethiopia 15 – 12.20 (gesp 22.11.21)

Hettich Centrifuge Mikro + Aerosol

01.07.18

5,479

508.0

516.0

5029 - SBFI ZIK 10.16 – 09.20 (gesp. 08.09.21)

App based tourist monitoring and daily survey

01.08.18

16,209

517.0

5029 - SBFI ZIK 10.16 – 09.20 (gesp. 08.09.21)

App based tourist monitoring and daily survey

01.07.18

29,430

545.0

6400 - MED CRU Management CC

Seqstudio Smartst

01.09.19

15,373

568.0

4014 - SNF/UniBS Sapaldia 5 04.18 – 12.22

Ultra Tiefkühlschrank DF 8520+

01.07.20

16,172

569.0

3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)

Anaerobic Chamber + Incubator Dehumidifer

01.08.20

49,868

570.0

3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)

CM Infinite Mono 200

01.08.20

34,730

585.0

3448 - BMGF-AFROBIOTA 7.20 – 12.22 (gesp. 21.12.21)

Kühl-Zentrifuge 5427 R inkl Rotor FA-45-30-11

01.10.20

6,495

Total Disposals

560,238

Total 2022

– 331,624

16

Swiss Tropical and Public Health Institute

Financial Report 2023

4.8 Assets under Construction Description

Category

01.01.23

Change

31.12.23

01.01.22

Change

31.12.22

Neubau Belo Horizonte (BKP9)

Tangible

0

0

0

4,219,200

– 4,219,200

0

Neubau IT (10 Mio)

Tangible

0

0

0

5,530,433

– 5,530,433

0

Neubau IT (NICHT 10 Mio)

Tangible

0

0

0

186,741

– 186,741

0

Neubau Laboratory Equipment (10 Mio)

Tangible

0

0

0

3,974,531

– 3,974,531

0

Neubau Laboratory Equipment (NICHT 10 Mio)

Tangible

0

0

0

1,010,472

– 1,010,472

0

Umbau Reiseklinik Turmhaus

Tangible

0

697,071

697,071

0

0

0

0

697,071

697,071

14,921,376 – 14,921,376

0

TOTAL

Assets under Construction of CHF 0.7 million relate to installation costs, furniture and other fixtures and fittings of the new Centre for Tropical

4.9 Long-Term Financial Assets

and Travel Medicine in Basel. The move was completed in early January 2024.

2023 CHF

2022 CHF

Employer contribution reserves of the pension fund

62,536

62,536

TOTAL

62,536

62,536

2023 CHF

2022 CHF

1,861,094

1,383,805

4.10 Mortgages Mortgages in favour of third parties Short-term payables Carrying amount (Land and buildings, refer to note 4.7)

There is no existing mortgage in 2023 as Swiss TPH does not own any buildings.

4.11 Accrued Liabilities and Deferred Income Projects

2023 CHF

2022 CHF

33,829,758

40,636,479

Swiss National Science Foundation projects - overhead

787,118

871,438

Provision for audit PwC

35,428

70,500

Overtime to be paid in the following year

17,922

41,727

Employer's liability insurance Extraordinary compensations paid in the following year Other accrued liabilities TOTAL

Based on the accounts at the end of the year, the project leaders evaluated the accrued revenues and expenses (cost to complete) for their projects.

These evaluations were taken into consideration by the Directorate on the occasion of the approval

0

0

100,000

90,000

235,368

522,827

35,005,593

42,232,970

of the financial statements. All of the project-related deferred income is sustained based on existing project contracts. At the moment, there is no indication for any losses from long-term projects, which would need to be recognised.

Swiss Tropical and Public Health Institute

17

Financial Report 2023 4.12 Short-Term Provisions Not compensated vacation Changes of provisions

Advances

Court Cases

Research fund

Total

CHF

CHF

CHF

CHF

CHF

Carrying amount as per 01.01.2022

1,663,674

123,000

280,000

424,288

2,550,961

Increase/decrease 2022

– 210,428

4,000

22,167

53,073

– 191,188

Carrying amount as per 31.12.2022

1,453,245

127,000

302,167

477,361

2,359,774

Carrying amount as per 01.01.2023

1,453,245

127,000

302,167

477,361

2,359,774

187,366

107,000

0

– 337,842

– 43,476

1,640,612

234,000

302,167

139,519

2,316,298

Increase/decrease 2023 Carrying amount as per 31.12.2023

New Provisions

Court Cases: Not applicable

Not applicable Remaining Provisions Not compensated vacation: The provision for employee vacation credits was re-evaluated Advances: Advances granted to a partner institution for which a significant recovery exists were re-evaluated

Research Fund: The research provision decreased by CHF 337,842 due to utilisation for five research grants according to the internal regulations for the Research Fund.

Reversal of Provisions Not applicable

4.13 Other Long-Term Liabilities

2023 CHF

2022 CHF

Swiss National Science Foundation projects - Overhead (long term)

1,408,378

1,284,381

TOTAL

1,408,378

1,284,381

The total overhead contribution of the Swiss National Science Foundation (SNSF) is paid in the year of grant allocation. The provision allows the

18

Swiss Tropical and Public Health Institute

use of the contribution during the whole project period.

Financial Report 2023

4.14 Long-Term Provisions / Long-Term Deferred Income Funds for collaborators in case of hardship

Potential taxes abroad

End of contract payments

SDCAlbania salary provision

Office Rwanda salary provision

SDC-TEMT salary provision

Total

Changes of long-term provisions

CHF

CHF

CHF

CHF

CHF

CHF

CHF

Carrying amount as per 01.01.2022

500,000

1,407,578

65,224

69,248

43,264

0

2,085,314

0

221,544

102,466

0

16,209

0

340,219

Increase 2022

0

0

0

– 2,260

0

0

– 2,260

Carrying amount as per 31.12.2022

Decrease 2022

500,000

1,629,122

167,690

66,988

59,473

0

2,423,273

Carrying amount as per 01.01.2023

500,000

1,629,122

167,690

66,988

59,473

0

2,423,273

Increase 2023

0

271,530

50,193

0

0

15,814

337,537

Decrease 2023

0

0

0

– 59,355

– 6,091

0

– 65,446

500,000

1,900,652

217,884

7,632

53,382

15,814

2,695,364

Carrying amount as per 31.12.2023

According to the decision made at the Directorate’s meeting (17 – 19 October 2006), a provision of CHF 500,000 for personnel or their dependants in case of hardship was created. The disposition of fund means is defined in the fund regulations.

The provision for potential taxes abroad is created for those countries where expatriates or local

Changes of long-term deferred income Carrying amount as per 01.01.2022

Swiss TPH staff are possibly supposed to pay income taxes.

According to local labour law in various project countries, such as the Democratic Republic of the Congo, Cameroon, Tanzania, Albania and Rwanda, end of contract payments are to be borne by the employer.

Belo Horizonte deferred income R. GeigyFoundation

Turmhaus Investment R. GeigyFoundation

Belo Horizonte Solaranlage R. GeigyFoundation

Total long-term deferred income

CHF

CHF

CHF

CHF

0

0

0

0

Belo Horizonte long-term deferred income subsidies FER 28

10,000,000

Increase 2022

1,216,798

0

0

1,216,798

0

Decrease 2022

– 152,100

0

0

– 152,100

– 1,952,207

Carrying amount as per 31.12.2022

1,064,698

0

0

1,064,698

8,047,793

Carrying amount as per 01.01.2023

1,064,698

0

0

1,064,698

8,047,793

Increase 2023

0

335,000

624,000

959,000

0

Decrease 2023

– 152,100

0

0

– 152,100

– 1,900,692

Carrying amount as per 31.12.2023

912,598

335,000

624,000

1,871,598

6,147,101

Swiss TPH is committed to cover CHF 10,000,000 of the investment costs of the new headquarters «Belo Horizonte». For this purpose, this amount was accrued in the period of 2017 – 2020. In 2022 the Investment Fund has been increased to the total amount of CHF 11,216,798 by the contribution of CHF 1,216,798 through the R. Geigy-Foundation.

In 2023, Swiss TPH has considered an early adoption to the Swiss GAAP FER 28 coming into force

1 January 2024. Accordingly, the positions under long-term deferred income have been separated between «long-term deferred income» and «longterm deferred income subsidies FER 28» to ensure the future traceability of the figures.

Of the annual depreciation costs, an amount of CHF 2,052,792 related to «Belo Horizonte» investments covered by long-term deferred income, was recognised.

Swiss Tropical and Public Health Institute

19

Financial Report 2023 4.15 Self-Managed Income from Research, Education and Services

2023 CHF

2022 CHF

7,854,710

6,975,854

As per activity Medical services Education

1,439,168

1,372,638

Research

34,139,664

35,067,715

Services

34,587,115

32,506,268

601,786

614,281

Matching funds + OH SNSF-Projects Restricted Funds (i.e. SERI) TOTAL

1,400,000

1,950,000

80,022,443

78,486,756

Revenues for “SNSF overhead” and “matching funds” from the “University of Basel” are project-specific and are no longer included in the core contributions.

Swiss TPH managed to increase its share of competitive third-party funding again in 2023.

Self-managed income from research, education and services increased to CHF 80.0 million in

2023, representing a growth of CHF 1.5 million or 2.0% compared to the previous year (CHF 78.5 million).

4.16 Core Contributions from National and Local Government In addition to the income generated competitively through research grants and service mandates, Swiss TPH receives funding from the lo-

cal and the national governments as well as from the University of Basel through a performance agreement:

2023 CHF

2022 CHF

Canton Basel-Landschaft

4,000,000

4,000,000

Canton Basel-Stadt

4,000,000

4,000,000

University of Basel

6,769,000

6,608,000

Swiss National Government

8,219,800

8,100,900

Swiss National Government (leading house activities)* Subtotal

0

0

22,988,800

22,708,900

0

0

TOTAL

Deferred income

22,988,800

22,708,900

Swiss National Government (leading house activities)*

1,400,000

1,950,000

*reclassification into Table 4.15: earmarked SERI funds restricted for projects

Overview of the Past Years

2023 CHF

2022 CHF

2021 CHF

2020 CHF

Canton Basel-Landschaft

4,000,000

4,000,000

4,000,000

3,630,000

Canton Basel-Stadt

4,000,000

4,000,000

4,000,000

3,630,000

National Government

8,219,800

8,100,900

7,250,000

7,690,900

University of Basel TOTAL

20

Swiss Tropical and Public Health Institute

6,769,000

6,608,000

6,040,000

6,040,000

22,988,800

22,708,900

21,290,000

20,990,900

Financial Report 2023

professorships within the curriculum of the University of Basel.

Existing Agreements on Core Funding Within the scope of the bi-cantonal contract concerning the common ownership of the University of Basel between the cantons of Basel-Stadt and Basel-Landschaft, Swiss TPH was granted a contribution of CHF 6,769,000 (2022: CHF 6,608,000) for the period of 2023 for structural

Based on the new performance agreement between the University of Basel and the Swiss TPH (in force as of 1 January 2022), the following subsidies have been agreed from 2022 onwards.

University of Basel

Based on the service mandate of the governments of the cantons of Basel-Stadt and Basel-Landschaft to the Swiss TPH for the years

2022 CHF

2023 CHF

2024 CHF

2025 CHF

6,608,000

6,769,000

6,923,000

7,083,000

2021 – 2024, the following contributions of the cantons were granted.

2021 CHF

2022 CHF

2023 CHF

2024 CHF

Canton Basel-Landschaft

4,000,000

4,000,000

4,000,000

4,000,000

Canton Basel-Stadt

4,000,000

4,000,000

4,000,000

4,000,000

TOTAL

8,000,000

8,000,000

8,000,000

8,000,000

Based on the “decree regarding the application of Swiss TPH of 30 June 2019 for a federal contribution according to Art. 15 of the Federal Law

Swiss Federal Government

on the Promotion of Research and Innovation (FIFG) for the years 2021 – 2024”, the following contributions were approved:

2021 CHF

2022 CHF

2023 CHF

2024 CHF

7,250,000

8,100,900

8,219,800

8,142,000

The amount defined in the service agreement and the decree for 2023 was reduced by the federal government by 0.4% to 8,219,800. Reductions might also occur for the following years within the framework of the debt brake.

and the Ifakara Health Institute (IHI) in Tanzania, Swiss TPH acts as the Leading House on behalf of SERI and administers the following funds based on the performance agreement for the years 2021 – 2024.

As a founding member of the Centre Suisse de Recherches Scientifiques en Côte d’Ivoire (CSRS)

Earmarked SERI funds (table 4.15) Bilateral Cooperation

2021 CHF

2022 CHF

2023 CHF

2024 CHF

750,000

950,000

400,000

550,000

Ifakara Health Institute (IHI) in Tanzania

500,000

500,000

500,000

500,000

Centre Suisse de Recherches Scientifiques en Côte d’Ivoire (CSRS)

500,000

500,000

500,000

500,000

1,750,000

1,950,000

1,400,000

1,550,000

TOTAL SBFI-LEADING HOUSE

Based on the service agreement for the years 2021 – 2024, the following contributions were

granted for international cooperation with foreign partners.

Swiss Tropical and Public Health Institute

21

Financial Report 2023 4.17 Other Operating Income

2023 CHF

2022 CHF

As per activity Medical Services

244,799

128,331

Education

290,927

359,686

Research

693,958

879,467

Services

10,867

8,123

Utilisation of Investment fund Belo Horizonte TOTAL

0

0*

1,240,551

1,375,607

*restatement according to early adoption Swiss GAAP FER 28

Other operating income is income which is not related directly to grant and project contracts such as royalties, consultancies, cafeteria, reimbursed travel cost, etc.

4.18 Change in Unbilled Services

The recognition of long-term deferred income to offset depreciation (2023: CHF 2,052,792; 2022: CHF 2,104,307) has been reclassified from other operating income to a netting position within operating expenses. The Income Statement has been updated accordingly including a restatement for 2022 to ensure comparability.

2023 CHF

2022 CHF

As per activity Medical Services

– 1,123,301

88,593

Education

2,660

– 24,516

Research

– 1,040,184

27,674

Services

930,016

– 221,859

– 1,230,808

– 130,108

2023 CHF

2022 CHF

Salaries

42,599,095

40,571,966

Allowances

1,318,062

1,259,154

Social insurance

6,708,829

6,270,291

Consultancies

5,556,275

4,790,661

TOTAL

The strong increase in unbilled services (CHF 1.1 million) in 2023 was due invoicing specifications of some work orders in progress.

4.19 Personnel Expenses As per nature

Recruiting

161,624

199,747

Continuous education

1,576,936

1,683,897

Travel expenses

2,496,688

2,359,656

Other personal costs TOTAL

Personnel expenses increased by 5.7% or CHF 3.3 million from CHF 57.8 million in 2022 to CHF 61.1 million in 2023. The growth was mainly driven by higher salary costs (+CHF 2.0 million) and social insurance costs (+CHF 0.4 million) due to inflation-related salary adjustments and with 13 additional employees on the payroll. Furthermore, an increase in short-term consultancy fees due to

22

Swiss Tropical and Public Health Institute

671,283

647,891

61,088,792

57,783,263

additional demands in IT-projects and infrastructure activities (+CHF 0.8 million) was registered.

All expenses and costs are recognised in the Income Statement. In respect of accruals for overtime and vacation please refer to notes 4.11 and 4.12.

Financial Report 2023 Pension Funds Swiss TPH’s pension plan is a pension scheme according to the federal law on occupational pension schemes (BVG) and is part of the “Helvetia Sammelstiftung für Personalvorsorge”, contract number 30935. The funding consists of employers’ contributions, employees’ contributions and

of an annual interest (1% since 1 January 2017).

This pension plan is part of a collective plan with reinsurance arrangements (full insurance within the framework of a collective insurance contract), the Swiss TPH is not the risk bearer and therefore no additional payment obligations can arise in case of a deficit.

2023 CHF

2022 CHF

Pension benefit expenses Helvetia Sammelstiftung (Employer contribution)

2,903,264

2,682,673

TOTAL

2,903,264

2,682,673

2023 CHF

2022 CHF

Members of the Board of Governors (CHF; expenses)

0

0

Heads

9

9

1,325,238

1,274,204

Compensation Board of Governors (Kuratorium)

No compensation is paid to the Board of Governors. Only defined trip allowances and boarding costs are paid.

Directorate salaries Members of the Directorate (CHF; salaries only) Heads

7

7

FTE

6.8

6.8

2023 CHF

2022 CHF

429,156

228,853

Expenses of the Directorate are paid according to the Manual for Employees.

4.20 Material Expenses As per nature Investments > CHF 5,000 with project funds (not capitalised) Equipment < CHF 5,000

379,245

239,531

4,053,570

3,456,674

Documentation

4,526

1,781 15,909

Consumables Periodical publications

19,807

Books

6,135

8,817

TOTAL

4,892,438

3,951,564

Material expenses showed a strong annual rise of CHF 0.9 million (+23.8%) and amounted CHF 4.9 million in 2023.

Swiss Tropical and Public Health Institute

23

Financial Report 2023

4.21 Administrative Expenses

2023 CHF

2022 CHF

As per nature 2,318,386

2,285,379

Office material, printed matters

Informatics

211,800

200,196

Phone, fax, internet

205,892

246,707

Postage

193,826

183,252

Audit fees headquarters

90,112

77,506

Audit fees projects

70,069

84,315

Consultancy fees Expenses meetings, guests, seminaries Donations, fees TOTAL

868,559

1,019,062

1,183,750

1,107,110

384,908

433,794

5,527,303

5,637,321

2023 CHF

2022 CHF

Informatics contains procurement for IT-equipment <CHF 5,000.

4.22 Other Operating Expenses As per nature Maintenance and rent Maintenance, repair of equipment Vehicle costs Insurance Energy, disposal Marketing and PR

4,650,056

4,503,148

484,808

1,072,947

5,953

5,754

120,883

100,516

1,369,186

1,179,427

291,467

212,552

Project expenditures abroad

26,711,175

27,378,604

TOTAL

33,633,527

34,452,948

Other operating expenses decreased by 2.4% or (CHF 0.9 million) from CHF 34.5 million in 2022 to CHF 33.6 million in 2023. This decrease has been substantially contributed by lower local project expenditures on project activities (CHF 0.7 million).

Through energy-saving measures the rising energy prices could be effectively absorbed and increased only slightly (CHF 0.2 million). With the elimination of the single event of the moving costs in 2022 and other saving strategies the costs in maintenance and repair of equipment could be effectively decreased.

Project expenditures abroad by donors SDC (Swiss Agency for Development and Cooperation)

13,289,540

12,198,249

GF (Global Fund to Fight AIDS, Tuberculosis and Malaria)

1,863,826

1,747,594 2,085,942

EC (European Commission)

1,733,942

SERI (State Secretariat for Education, Research and Innovation)

1,497,213

947,286

Swiss TPH (institutional projects)

1,195,897

608,434

UniSanté (University Medical Polyclinic Lausanne)

1,053,457

1,234,151

SNSF (Swiss National Science Foundation)

964,043

2,029,958

EDCTP, AA The Hague

853,750

600,321

Basel Research Centre for Child Health

749,530

1,468,499

Pact Inc. (USAID)

454,020

0

Ohter (co-financing of divers institutions)

499,280

917,903 187,756

KfW (Kreditanstalt für Wiederaufbau)

347,271

Kanton BS für Tanzania

236,790

0

SAMW

205,528

309,944

Novartis

191,831

43,536

24

Swiss Tropical and Public Health Institute

Financial Report 2023

SNIS

162,380

119,354

FIND

162,109

182,788 104,717

Sumaya Biotech GmbH & Co. KG

155,391

Eckenstein-Geigy-Stiftung

150,121

0

GAVI (The Vaccine Alliance)

149,188

131,045

BAG (Bundesamt für Gesundheit)

132,199

0

Stanley Thomas Johnson Foundation

124,397

333,329

Elrha

122,028

98,375

GIZ

109,172

104,575

ICRC

90,041

0

Else Kröner Fresenius Stiftung

77,499

0

University Hospital Basel

47,046

0

Biovision

46,865

49,694

CDC Foundation

19,112

630,242

BASF

15,900

91,963

R. Geigy-Foundation

11,809

185,090

PATH

0

317,822

Innosuisse

0

156,000

The World Bank Group

0

154,110

Uni Heidelberg

0

95,766

Health Effects Institute

0

92,090

BMGF (Bill & Melinda Gates Foundation)

0

53,822

Moritz Straus Stiftung

0

98,248

26,711,175

27,378,604

Total

Please note: A donor is listed if more than CHF 40,000 is expensed in 2022 or in 2023.

2023 CHF

2022 CHF

Project expenditures abroad by geographical regions Northern Africa

0

0

Southern Africa

1,455,051

1,329,437

Eastern Africa

9,485,664

8,163,421

Western Africa

2,774,308

3,433,339

Middle Africa

3,378,524

3,259,666

Africa

17,093,548

16,185,862

Southern Asia South-Eastern Asia

12,350

0

7,783

148,279

Central Asia

0

880

Eastern Asia

0

594

Western Asia

153,486

73,110

Asia

173,618

222,863

7,085,369

5,623,506

Eastern Europe Western Europe

1,727,467

4,792,507

Europe

8,812,836

10,416,013

Northern Amercia

237,209

265,831

Northern America

237,209

265,831

Swiss Tropical and Public Health Institute

25

Financial Report 2023

South America

357,228

Central America

26,811

242,065 45,970

Latin America and the Caribbean

384,038

288,034

Oceania

9,925

0

Oceania

9,925

0

26,711,175

27,378,604

TOTAL

The main local expenditures, which include the expenditures of Swiss TPH projects and local offices abroad, were incurred in the following countries: Albania, Benin, Burkina Faso, Burundi, Cameroon, Côte d’Ivoire, Chad, Democratic Republic of the Congo, Gambia, Guinea, Kenya, Liberia, Mali, Moldova, Niger, Rwanda, Senegal, South Africa, Tanzania and Ukraine.

4.23 Financial Result

The majority of local project expenditures, totalling CHF 26.7 million in 2023 versus CHF 27.4 million in 2022, were spent in Africa (CHF 17.1 million, an increase of CHF 0.9 million). The local expenditures in the region of Europe decreased by CHF 1.6 million to CHF 8.8 million.

2023 CHF

2022 CHF

Financial income Interests on bank- and post accounts Interests on fixed deposits and call money

332

5

266,241

0

Exchange rate differences (gains)

1,162,879

1,097,662

Total financial income

1,429,452

1,097,667

Financial expenses Card fees

– 20,453

– 12,737

Bank accounts fees

– 30,314

– 30,952

Interest on mortgages Interest on arrears Other interests Exchange rate differences (losses) Miscellaneous Total financial expenses Financial result end of the year

The financial result decreased to CHF +117,378 (compared to CHF +220,636 in 2022) but is still positive despite the continuously strong Swiss Franc. Active investment on fixed deposits gen-

4.24 Extraordinary Result Extraordinary income

0

0

– 707

– 496

– 28

– 8,662

– 1,260,573

– 824,057

1

– 127

– 1,312,074

– 877,030

117,378

220,636

erated remarkable interest income. Furthermore, favourable exchange rate transactions mitigated the risk on foreign currency holdings in USD/ CHF and EUR/CHF.

2023 CHF

2022 CHF

0

0

Extraordinary expenditures

0

0

TOTAL extraordinary result

0

0

In 2023, Swiss TPH reports no extraordinary result.

26

Swiss Tropical and Public Health Institute

Financial Report 2023

5. Commitments

7. Risk Assessment

Total off-balance sheet leasing liabilities which cannot be withdrawn or expire within the next 12 months.

Swiss TPH actively manages its risks related to the financial statement. A yearly risk assessment considers the probability of occurrence and the severity of damages of the identified risks and appropriate measures are defined. The risk assessment is performed by the Directorate and then subsequently reviewed and approved by the Board of Governors.

Item

1 year

2 – 5 years

over 5 years

Parking slots

195,426

781,704

7,426,188

Building Allschwil

1,924,678

7,698,712

34,644,204

8. Approval of Financial Statements

6. Related Party Transactions The purpose of the R. Geigy-Foundation is to support Swiss TPH in different projects. The following list shows the granting of funds.

Granting of Funds

These financial statements were prepared and approved by the management of Swiss TPH as representatives of the Board of Directors. They are subject to final approval by the Board of Governors (Kuratorium) on 15 May 2024.

2023 CHF

Malaria funds Strategische Unterstützung Swiss TPH

250,000

Scholarship for HCM

34,000

A. Chernet, Migration Health

50,000

F. Tenywa

30,000

A. Walz

64,000

T. Schindler

10,000

Contribution Turmhaus, Solarpanel Allschwil

959,000

Total

1,397,000

Swiss Tropical and Public Health Institute

27

Financial Report 2023

28

Swiss Tropical and Public Health Institute

Financial Report 2023

Swiss Tropical and Public Health Institute

29

Financial Report 2023

30

Swiss Tropical and Public Health Institute

Kreuzstrasse 2, 4123 Allschwil, Switzerland + 41 (0)61 284 81 11 www.swisstph.ch